Generative AI Pricing: Lessons from Leading Companies in the Industry
Generative AI presents immense opportunities for SaaS companies, but effective monetization strategies are crucial to leverage these capabilities fully. Companies should consider their customers' value perception and choose a pricing metric that aligns with the willingness to pay. Simple pricing structures and strategic models like premium pricing, three-tiered pricing, or promotional pricing can be explored. Generative AI pricing goes beyond per-token costs, considering factors such as performance, infrastructure, integration, scalability, support, data costs, licensing, and latency. Innovative billing platforms like Togai enable quick deployment of customized pricing models for generative AI solutions.
Company
Togai
Date published
Dec. 20, 2023
Author(s)
Kavyapriya Sethu
Word count
2097
Language
English
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